ANN INC (NYSE: ANN) is expected to report Q1 earnings around May 31. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ANN INC's revenues will grow 2.6% and EPS will shrink -24.1%.

The average estimate for revenue is $575.2 million. On the bottom line, the average EPS estimate is $0.44.

Revenue details
 Last quarter, ANN INC logged revenue of $607.7 million. GAAP reported sales were 7.2% higher than the prior-year quarter's $566.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at $0.05. GAAP EPS of $0.05 for Q4 were 25% higher than the prior-year quarter's $0.04 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 64.9%, 40 basis points better than the prior-year quarter. Operating margin was 0.3%, 120 basis points worse than the prior-year quarter. Net margin was 0.4%, much about the same as the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.52 billion. The average EPS estimate is $2.20.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 185 members out of 265 rating the stock outperform, and 80 members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give ANN INC a green thumbs-up, and 24 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ANN INC is outperform, with an average price target of $39.79.

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